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of flying after boeing runs into even more trouble with the dreamliner. then there is fear of the flu. it is spreading coast-to-coast like -- well, like the flu. but since we're cnbc, we have found ways to profit. the fear of earning season. alcoa kicks it all off later today right after the bell. meantime let's get things started with sue at the nyse. >> breaking news, there's another problem with boeing 787. phil lebeau live in chicago. >> reporter: take you to boston. at the airport reports of responding to a fuel leak of a japan airlines flight that was scheduled to take off from boston to tokyo. as we take a look at shares of boeing, let's point out we have not confirmed this is a 787 dreamliner but that's the type of aircraft flying between boston and tokyo for japan airlines. again, this would be a fuel leak with an engine completely separate if it is a dreamliner from what happened yesterday. the reason we showed you shares of boeing over the last couple of days, this stock has been pummeled, down 4% over the last couple of days. in part because a lot of people have headline r
a few minutes. lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at wells fargo. profits hit a record high. that is good. they are not doing as many mortgages. they are the nation's biggest lender. you can see it is down by one and a quarter percent. cheryl: how did last year's drought play out? jeff: it was pretty wild in here today. five of the past six years, this has been a limit move. take a look at what it was. we had, i think, scott shall indeed, a 26-point move. >> we had a pretty big range. jeff: this crop report is definitely a mover. take a look at this. this is the usda world agriculture supply and demand. it is down 13% on the year. acres harve
is it for boeing? how much damage will the recent run of problems for the so-called dream liner due to boeing and company shares. three questions this hour. three answers. sue? full of answers, live as always at nyse. >> i hope so, ty. we will start with a question. will jacob be the next nominee? john harwood confirming he will be nominated to replace outgoing secretary of treasury tim geithner. but can he get through the senate? that the question. john is here in new york with perspective on that. what do you think, john? >> yes, he can. he is liked across the political spectrum. he is an effective liberal serving tip o'neill in the past. but we know that second term cabinet are beginning to fall into place. we have had the national security members of the team named in the last few days but now jack lew will be named, we expect tomorrow, to replace tim geithner who has been wanting to leave for some time. here is what president obama gets, someone with vast experience in handling capitol hill and dealing with budget negotiations. he's been a part of almost lever r every big budget negotiat
due from wells fargo before the bell. plus, a rough week for boeing. today, u.s. transportation officials are set to announce a special review related to some of the recent electrical problems on the new 787 dreamliner. it's tri, january 11th, 2013, and "squawk box" begins right now. >>> the index is now 93 points off its record low that was locked back in october 2007. we've been watching the futures this morning, and right now those u.s. equity futures are indicated slightly lower for the dow futures just over six points, but the s&p futures and the nasdaq futures are indicated slightly higher. this is a global story with world stocks near eight-month highs. european stocks consolidating in early trading today. france pulling back slightly, but in germany, the dax is up by just over 8.5 points. the ftse is up by about five points or so in london. if you want to know who is taking part in this rally, check out these new statistics. investors poured $5 million stocks into mutual funds. that is the largest weekly inflow since 2001. mean too many, etfs gained about $8 million in c
. michelle caruso-cabrera. meanwhile, boeing hit with a double whammy today. a fuel leak grounding another 787 dreamliner. as officials investigate what sparked yesterday's fire on a different dreamliner. we'll talk about boeing's future next, and then a mysterious case of a man dying from cyanide poisoning. get this. he died right after winning the lottery. details of this bizarre story. stay with us. [ male announcer ] count the number of buttons in your car. now count the number of buttons on your tablet. isn't it time the automobile advanced? introducing cue in the all-new cadillac xts. the simplicity of a tablet has come to your car. ♪ the all-new cadillac xts has arrived. and it's bringing the future forward. thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unli
. they're not the only retailer under pressure this morning. jcpenney capping a bad week. >>> boeing under official view as a probe is taken on the plane. a cracked inshield and oil leak. >>> remember a cheaper iphone? a top apple executive said forget it. the company continues to focus on china. >>> we'll kick off with wells fargo, kicking off q4 results. the lending business came in a little bit lower than many analysts expecting. the numbers coming out after american express announced plans to cut 5,400 jobs and the s&p closed at fresh five-year highs. jim, it's been said, wfc, probably the most important report of the week. what kind of grade do we give it? >> the whisper was they weren't going to do this anyway. i don't know anyone would think they would -- people were certainly thinking because the stock market was 32, 35. maybe somebody knew something. but in the end, they didn't do the net margin. the numbers will come down. people will trim numbers on wells fargo. it is still the best bank. they have too much money. the deposit growth here is unbelievable. but in this enviro
or a possible motive. >>> in just a couple of how weres from right now the new boeing dream liner jet will be taking off from san jose airport for the very first time. in 30 minutes from now the federal aviation administration will hold a news conference tied to the safety concerns about that jet. ktvu janine de la vega joining us live. she is at ma theta san jose airport right now. what can you tell us? >> reporter: well all over san jose you can see signs touting the inaugural flight to tokyo. it takes off here from at 11:45. it's being operated by ana. what is being used is the 787 boeing dream liner. the faa will be holding a news conference to launch a major review of the boeing 787 boeing dream liner. this week there were numerous problems reported with the aircraft. one flight had to be canceled because of brake lines with the plane. on monday a dream liner operated by japan airlines had an electrical fire broke out in its battery. this has spark concerns and put a damper on the air sport here. >> i think the more convenient international flights we have here locally is great.
redistense from boeing, a big decline, the issues with the 787 dreamliner, the bank of america, investors got scared because of the wells fargo earnings today; right? profit was a record, concerned about the revenue. stock names like these affected the market. look at the losers on the s&p 500, the broader market right now, peabody down more than 5%. jcp, bad week for jcp, and, of f course, u.s. steel down 3%. materials sold big time, particularly the steel makers. >> consumer goods, and in particular, netflix, everybody talking about that whether that sustains the momentum, the pick much own of our market movers next, did very well today. >> well today, and over the past three months, stocks up 50%. the news not in netflix's favor with the federal appeals court not agreeing with the way it gets special treatment. stock's up, there's the bell. david: thank you, lauren. liz: bells ringing on wall street, and in the last couple secs, wells fargo down, but under 1%. here's the stock picture, just as lauren called it, the dow and the nasdaq moving hire, not by a lot, but at least f
regarding that boeing 787 dreamliner that caught on fire while parked at logan airport in boston. this is video of the japan airlines plane. the plane landed. all of the passengers left the plane. a mechanic was doing a walk-through when he noticed a light smoke condition increasing from the underbelly of the plane. they then called the fire department. the fire department came. they investigated. the fire was in a compartment with batteries and other electrical components. they are still investigating exactly what has happened. we have a call into boeing. boeing has not responded to our request for more information. i think boeing is still trying to figure out, base odd what they're hearing out of boston from the fire investigators exactly what's going on with the 787 dreamliner. a couple of things to keep in mind, scott. the mass port officials at boston just held a press conference where they said prior to this they've had a few mechanical issues, nothing major, regarding the 787 dreamliners that landed at that airport since they went into service. one other thing to keep in m
exchange. nicole: i could always use a good start. let's take a look at boeing in particular. still down for the week. you may remember over the last two days we have covered boeing and the 787. liner. not good news. we have seen the stock selling off. today making a little bit of a comeback. up about 3%. they had a fuel leak and an electrical fire. you do have one analyst touting the stock while others are saying get on the sidelines and take a breather on this one. back to you. melissa: thank you so much. fox business stock alert. shares of gm hitting a 52 week high. the automaker is doing "internal plumbing" to become more profitable. lori: toyota is the world's largest automaker in the last year. it is tough. melissa: morgan stanley said to weigh out more than 3000 workers. charlie gasparino all over this. we will talk to him about this coming up next. lori: take a look at the dollar. stronger across the board today. we are back after this. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn
to where the growth is, and a sign that margins may face more pressure? >> yet another setback for boeing and the 787. canceling a domestic flight after a computer erroneously signaled a brake problem. >> clearwire gets a bid. dish network offers 3.30 a share above sprint's offers. david faber has the details on this story. sending sprint lower in pre-market trade. >>> results from alcoa last night, rising in the pre-market after reporting fourth-quarter profits in line with estimates. revenues above forecasts. alcoa says it sees aluminum demand growth ul 7% this year. the previous forecast, jim, 6 to 6.50. not bad if you're looking for something global out of 2013. >> what europe taketh away china giveth. the ceo has really spent a huge amount in china. whether it be for autos, aerospace, whether it be for trucks, are so bullish, that they can offset whatever's happening around the world globally. remember, there's two components to alcoa. there's also the raw stuff which he said inventory is getting in balance. that's very important. and you've got the packaging, industrial, constructio
process of the boeing dreamliner, plus, its battery, its electronics. and we have news for you, two more incidents overnight, but the plane, the 787, the dreamliner, they will stay in service. where did of boeing stock open, bearing in mind, a pr problem more than anything else. >> down to 75 and change. right now 75.75. and the question for boeing, are these growing pains with a new plane or structurally manufacturing defects and are people going to be scared to take a 787 dreamliner because it's more than a nightmare. stuart: well said, lauren. that's the pr side. if you look at physical side, if f.a.a. thought there was a threat to safety and health of passengers they would have have taken them out of the air, but i agree with you, pr, and boeing was buck and a half. >> 1.7% lower. stuart: we'll check back later. thanks very much. call it the smartphone effect perhaps. according to tech industry, tracker idc, pc sales dropped during the holiday season, first time in five years, the drop was 6% as compared to the same period previously last year. a look at the shares of dell, down 30%
of the economies and that will take a lot of time and political will. >> just briefly, boeing, bad news. >> yes, extraordinary run of accidents on the dream liner, their latest, most technologically advanced plane. going through a list of what's happened this week, and i think we've got pictures of the fire that broke out. the fire's inside, it wasn't serious. no passengers on board and nobody was hurt. then an oil leak the next day, a brake failure the next day, then another leak and a crack in the cockpit windshield as well. what has happened now is the federal regulators in the united states have ordered what is called comprehensive review of all the mechanics of the aircraft, so look at a way in which it works, and where there might be problems. if there are problems. very serious boeing. over the last week a share price has been hit, not seriously, but down 3%-4%. but it is not a crisis for boeing but it was a serious problem and they'll have to deal with it quickly if it is to keep up the sales, which have been going reasonably well. the airline, it has had good reviews until now. >> ok,
for you in business next hour. here's a check on markets. ♪ ♪ ♪ >>> the people at boeing trumpeted their 787 dreamliner saying travelers would fly into the future. but some are having trouble flying at all. a japan airlines plane on a runway in boston started leaking fuel just a day after a mishap involving another dreamliner. airport officials say about 150 liters of fuel spilled out before the plane was scheduled to take off. technicians checked things out, then determined everything was safe. the plane took off for tokyo about 3 1/2 hours behind schedule. the day before a battery pack in a different japan airlines boeing 787 sparked an electrical fire. the plane was on the tarmac, and no one was on board. the 787 is boeing's latest model and made its commercial debut in 2011. people at boeing say they sold about 50 of the planes to eight airlines. >>> the indian military says two soldiers have been killed and one injured in a gunfight in the disputed territory of kashmir between india and pakistan. an indian army spokesperson says the shooting started when indian soldiers on pat
back after borrowing during the down years. >>> boeing 787 dreamliner has had a turbulent week. the faa ordered a review of the aircraft. cbs 5 reporter anne makovec at the airport where the aircraft is scheduled to land in san jose this morning. >> reporter: good morning. these new concerns about the 787 could mar the celebration here. as of now, this nonstop flight to tokyo still scheduled to leave here from san jose at 11:45 a.m. this is the first boeing 787 dreamliner aircraft to fly from the bay area. it's run by all nippon airways from japan. this model has been flying for a year. the faa this morning ordered a comprehensive review of critical systems in this particular model after a fire and fuel leak this week, also some reports of cracked windshields. several flights had to be canceled. this is video from boston' logan airport. cbs aviation analyst chesley sullenberger says it's common to be working out kinks. >> no matter how much testing you do there are some things that are inevitably discovered during the real world of operat
corrections. disney, boeing, united technologies. they're contributing to the gains. >> wall street's also abuzz today over an invite that facebook sent out saying, right here. come see what we're building. shares on the move today which are trading at the higher level in six months. julia boorstin covers that company for us and joins us live from vegas. julia, when's the buzz? what are they saying about this invite? >> reporter: scott, i just love these cryptic invites from facebook. i will be there at this event next week and i expect it to be a big deal, perhaps mostly because of the term building. building is a term that ceo mark zuckerberg loves to use himself. he uses that term in the earnings calls and often to describe the products and his vision for facebook. so because that i would expect him to be speaking at this announcement next week. what's the news? there are a couple of announcements i expect to hear from facebook. if in the next couple of months if not in the next year and including an ad america to deliver ads from facebook across the web and expect to hear news on searc
over 100 points the last couple of trading days. today up about 73 points. you are seeing boeing bouncing back. in technologies, healthcare, hewlett-packard some names are helping the dow along. dagen: thank you very much nicole. connell: then there's samsung which has the popular galaxy phone. it's been a headache of sorts for apple and iphone sales. we're going to talk to samsung's product manager about that. that's coming up next. dagen: how about apple coming out with a lower end cheaper iphone maybe. big story in "wall street journal." the judge is here on tracking your kids at school, a new court ruling on rfid tags and why kids might have to wear them. take a look at completely unrelated, but hey, if you're going to europe, what's the exchange rate on the euro. >> 21 minutes past the hour i'm gregg jarrett with your fox news minute. more than 50 people injured after a high speed passenger ferry hit a dock in lower manhattan this morning. the ferry reportedly struck the dock pulling into the pier opening a large gash on the side of the ship's bow. vice president joe biden c
on the stands and culture of the swiss bank. >>> then we'll head to detroit for the latest on boeing after fuel leaks and a fire involving their 787 dreamliners and a boston airport. >> and oil, as well. >>> asia demand is growing, the oil price may act as a break in the world economy. the energy revolution will have a global impact in oil flows toward asia. and the global shift is underpinned by huge energy investments. we are going to be talking about u.s. energy. >> yeah -- exactly. we're also seeing reports about how u.s. oil import will be at the lowest in 25 years. there is a change afoot. >> i guess that's what the iea head is saying, asia is going to take more of the u.s. demand. >>> to earnings. yes, alcoa swung to a fourth quarter profit matching forecasts. results were helped by stabilizing raw aluminum prices. higher prices and cost cutting. revenues down 1.5% to $5.9 billion. that did beat estimates. alcoa is also slightly boosting its 2013 global demand forecast from 6.5% to 7%. kleinfeld says growth in china is coming back and europe is doing better than expected. the stock up 1.
points now. boeing down 3%, caterpillar, verizon weighing on the dow jones industrials. awaiting on alcoa to be the first to report the earning season, and, affect, so many names we are watching closely, however, right now, we are certainly right near the lows of the day, and the nasdaq down after a percent like the s&p 500. i want to take a look at the retailer, sears, in particular, which we tack about the sales over the season. holiday season, which was not as bad as some of the analysts expected, and now there's a change at top, the ceo stepping down because the family medical issues, and now the chairman's going to be stepping into that ceo role. analysts, of course, follow the company closely with the stock down 5% right now. back to you. melissa: any cole, thank you. eia cutting oil demand growth forecast today raising the u.s. crude price estimates about a dollar a barrel for this year for the impact on the price of crude today, going to the pits of the cme, phil flynn, there in the pits, what do you think of the estimates? >> you know, i think it's great news. you know, not only
to get to it on boeing. phil, over to you. >> we've heard from the ntsb, expecting an update from them. they have at least an initial report regarding the fire investigation of that 77 dreamliner in boston yesterday. the ntsb saying that they have decided they are going to send two more investigators to look at the dreamliner in question and that at least initially taking a look at the fire in question they found severe fire damage to the battery of the auxiliary power unit. remember, the auxiliary power unit is what is used to provide power to an airplane when it is parked on the tarmac, not while it's in flight so the battery unit, severe fire kagge there, and it's pretty clear, scott and maria, that we are going to see more airlines, if they haven't already, they are going to start checking their wiring on the battery unit. i just spoke with the folks out of ana in japan. they have a number of dreamliners, checked theirs overnight at the urging of the ministry of transportation in j.i just talked with united airlines. it has checked the battery power wiring on all of its dreamliners
the cabin of a boeing 787 at a boston airport. it was preparing for its next flight no. one was injured. a mechanic spotted smoke rising from the back of the aircraft at logan international airport. the plane had flown in from japan. all 172 passengers and 11 crew members had disembarked. firefighters found flames coming from a battery pack under the passenger's compartment and put out the fire. the battery starts the auxiliary power unit. it supplies electricity while the aircraft is parked. investigators from the ntsb are looking into the case. the 787 is boeing's newest aircraft. japan airlines began flying it on some routes late last month. japan's transport minister has ordered emergency inspections on the batteries of all 787s in their fleets. >>> the world's leading electronics makers are unveiling latest ultrahigh definition tv" las vegas. they are taking part in the largest electronics show that will kick off on tuesday. japanese companies are introducing the tvs in a bid to win market share back from south korean rivals. it has four times as many pixels as standard hdtvs. sony
stocks lower for a second straight session. adding to the dow's losses, a big drop in boeing shares. we'll have more on that in tonight's "market focus." the dow fell 55 points, the nasdaq lost seven, the s&p was down nearly five points. happening with the new government being there. europe -- in fact, i think it is a surprise for many because it is muddling through, and it will probably continue to muddle through for a while. but it has been muddling through okay. one of the indicators that always use is italy interest rates, and the 10-year bond rates. the beginning of last year, almost 7%. end of last year, 4 and change. and the u.s. -- we have seen some growth in the u.s. last year, and we believe we have, if we avoid to hit the fiscal ceiling, the debt ceiling -- if we avoid that, we have it in our hands, and we can generate positive growth. we are seeing some good indications in the markets that have pretty much the debt here in the u.s. the building and construction market. for four years it has been dead. now suddenly we see it is coming back to life. this will only be coming ba
pack in a different japan airlines boeing 787 sparked an electrical fire. the plane was on the tarmac, and no one was on board. the 787 is boeing's latest model and made its commercial debut in 2011. people at boeing say they sold about 50 of the planes to eight airlines. >>> the indian military says two soldiers have been killed and one injured in a gunfight in the disputed territory of kashmir between india and pakistan. an indianrmy skespson ys the shooting started when indian soldiers on patrol spotted pakistani troops on the indian side of the line of control. pakistani military officials deny the indian allegation that the firing was unprovoked. a gunfight also occurred in kashmir on sunday. one pakistani soldier died, and another was injured. india and pakistan have gone to war three times since their independence in 1947. analysts say the latest incidents may have a negative impact on the comprehensive talks for better relations that resud 2011. >>> students at a university in north korea got a surprise visitor. google chairman eric schmidt. they showed him how they look for
to begin with the plane boeing says will define the future of the air travel. but for the last month or so, if you've been following this with us, the 787 dreamliner has made most of its headlines really for all these mechanical problems. here is just the latest, just a couple of hours ago, this japan airline, 787, was preparing to leaf above then when it started leaking fuel. so guess what happened? flight had to be canceled. and just yesterday morning, same airport, boston's logan airport, small fire broke out on yet another japan airline 787, just about 30 minutes after its arrival from tokyo. all the passengers and crew, they had already left the plane, but there is still a lot to talk about when we talk about what is supposed to be the revolutionary jet. let me begin with sandra endo, watching today's issue for us from washington. sandra, what happened now? >> yeah, brooke. a new day, a new problem for boeing's marquis airplane, the dreamliner, just before noon us is, the pilots of jal flight 007 scheduled nonstop from boston logan airport to tokyo, reported a fuel leak on the runway.
know more straight ahead. the time 7:31. >> thank you. new in just a few hours the new boeing dream liner jet will take off from san jose's airport for the first time and just moments ago the faa wrapped up a news conference tied to the growing concerns about the safety of that type of jet. we are live from the airport in san jose. good morning. >> reporter: good morning. all over san jose international airport there are signs advertising the airline, ana, it's flight to tokyo. it takes off at 11:45 a.m. in the last hour we were able to learn about the investigation in to the air craft that will be flying that route. the faa and the department of transportation announced at a news conference that they will be conducting a major review of boeing's 787 dream liner's electrical system. this week a flight on ana had to be canceled because of brake problems with the plane. that followed a fuel leak that happened on a 787 that had to cancel takeoff in boston and prior to that on monday a dream liner operated by japan airlines experienced a fire in its battery. the head of the department o
on the runway. no, not "america's top model." boeing, a series of problems with dreamliners. and u.s. equity futures pointing to a positive start to wall street. it's january 9, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew sorkin. i can't talk today. shares of alcoa getting a boost after the company's quarterly report. fourth quarter earnings matching expectations. revenue did come in better than the street was expecting. the country's largest aluminum producer says that it is cautiously optimistic that demand for the metal will continue to grow in 2013. among the catalysts, they're looking at strong sales to aerospace and construction customers. alcoa executives are keeping a cautious tone as worries linger about the budget battles in washington. >> you look at the businesses, you actually see that the endowment dow stream businesses are hitting new records profitabilities. another quarter of that and record year. that's great. when you look t upstream where it's basically about the c
is being held captive. >>> and two boeing 787s run into trouble on consecutive days. so what's going on now the dreamliner? >> every new airplane has growing pains especially those that kind of push the edge of the envelope in technology. >> we'll hear from captain sully sullenberger and ask peter greenberg why bad things keep happening to the 787 on "cbs this morning." >> announcer: this portion of "cbs this morning" sponsored by h&r block, come see what our expertise can make. i will give you a tax and health care review. is ♪ ♪ chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ♪ ♪ [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm your cravings and makes you less irritable. quit one cigarette at a time. [ male announcer ] this is bob a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibril
turning to japan. dagen: is your next slide on a dream liner? michael boyd is here to talk about boeing's big moneymaker. connell: the president on the hunt, maybe, for a few good women for his cabinet. we will be talking to charlie rangel about that. 1.9% on the ten year. the logo this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ >> here is your fox business brief. jobless claims unexpectedly rose last week. claims tend to be vulnerable around this time of year because of holidays and seasonal layoffs. joining forces on developing a next generation pickup truck. they have signed a memorandum of understanding to start negotiations. at one point, general motors held a 49% stake in the zoo zoo. the same survey also shows potential employees are making outrageous mistakes. 62% of employers are appearing interested. that is the number on
. >> see you soon. let's get to michelle caruso-cabrera who has breaking news on boeing. >> boeing says anticipated u.s. defense budget cuts likely will mean less demand for a variety of boeing products. you don't see a big move in stocks after hours. maybe this was not unanticipated, considering we know what's going to happen with the sequester. a lot of pressure on defense spending regardless of how the outcome is going to be. once again reuters says anticipated u.s. defense cuts will likely mean less demand for a variety of boeing products. >> thanks very much. up next, friday morning movers. next is your money on the line? don't miss it. stay with us. [ male announcer ] staples is the number-one office superstore ink retailer in america. . . for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. >>> welcome back. 30 seconds on the clock now. each of our next guests will tell you what to be prepared for for tomorrow. joining me now, eric marshall along with simir samana and michael james. good to see you, gentlemen. thank you for joining us. eric, w
of boeing's new passenger jets has caught fire while parked at an airport in boston. investigators believe an electrical fault is to blame. it was being operated by japan air lines. it has suffered a string of problems with the electrical system. five men accused of murdering and indians didn't have been formally charged with the 23- year-old died after being gang raped. the brutality of the crime has sparked protests across india. >> they arrived in a police van flanked by security for their safety. they were brought into a side entrance to avoid the dozens of reporters waiting for them. the main entrance was jammed and satellite trucks and news correspondents. the accord was close to the public. the magistrate charged the five subjects with the murder and rape of the student. the case has roused the emotions of the public. members of the bar association announced they would not represent the accused. proceedings on monday were interrupted when some lawyers offered to represent the accused. it caused an argument with an accord and the magistrate walked out. -- would then the court on the
in the last hour. boeing, it is moving higher by about 3%. this after it fell yesterday after concerns of an incident with a 787. boeing today moving up. and executive coming out with some comments saying that these problems are typical. it is really no big deal. we reassure you everything is under control. hewlett-packard is moving. that stock has surprised a lot of people over the past seven-ten trading sessions. moving higher today. no dow we will ask paul otellini about their relationship going forward. the losers today, bank of america. down about 3%. a price target of about $12. newmont mining falling about 2%. gold is also moving lower. netflix is falling by about 2%. bank of america reiterating it under perform rating. back now live to las vegas. i wanted to point this out to you. this area used to be microsoft. last year, microsoft for the first time, pulled out a ctf. guess what, a chinese company moved right in. they snapped up the property. every single inch of it. this stuff is expensive. intel never left. here is intel's booth. this is called the altar book tree. i am joi
will be? send us your estimates. e-mail us, tweet us, as well. we'll take a break. still to come, boeing looks set to soar past airbus as the world's top planemaker. can its european rival fight back? we'll have some analysis and report, right after this. >>> if you're just joining us this morning, here are your headlines. investors count down to the u.s. jobs report looking for december payrolls. here in the uk, disappointing services pmi weighs on the pound. >>> looking at the markets and the employment report, other stories we're following today out of the states, the s.e.c. has dropped its case against david sokol and completed its probe of possible insider trading, according to his lawyer. in 20111, warren buffett said sokol violated the company's insider rules when he sold a $3 million profit on shares. they rose by neared a third after berkshire announced it would buy the chemical company. the s.e.c. began investigating him shortly after he resigned from berkshire. >>> the tech sector had a decent end to 2012. global sales are up 2% in december from the me month and year over year
and keep spending. the right says we've taxed enough, cut spending. division. a crisis at boeing, more incidents hurt the dreamliner and that stock is down big. can it be? french socialists rethink that 75% tax rate? "varney & company" is about to begin. you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at today. and now you're protected. >> good morning, "varney & company" viewers, wednesday, january the 9th. america divided in many ways. today the issue is guns. three headlines for you, first, after a newspaper published the names and addresses of gun owners in two new york counties. gossip website followed suit. it posted them, 446 pages long. the headline of the article, quote, here is a list of the bleep-holes who own guns in new york city. second amendment advocates clearly outraged. next, joe biden meets with the n.r.a. at the wh
about the boeing corporation and a faustian bargain. what is a faustian bargain and how does that involve the boeing corporation? >> guest: well, boeing is, a series of agreements with china. one day it's going to come to regret because the company will be really either at chinese subsidiary or working pretty much for the benefit of china and not a u.s. company. and without the plane exports, the sale of boeing planes, our trade deficit would be massive. envy -- what boeing has done basically is turn over its technology to the chinese, to the extent that they are now producing there very own medium-range. >> the equivalent of a 737. >> guest: the equivalent of a 737 plane. they won't be going any more. at some point in time the chinese will sick and it's very nice and we will keep you around, but we don't need to. and how this could happen really says more about the government's involvement in trade policy. we see no problem. it just -- here is the handwriting on the wall. just look and see what you think about it. >> host: what is a faustian bargain? >> guest: in exchange fo
. first is aerospace. by now, we've all seen the stories about boeing's troubled dream liner, nothing like genuine footage of smoking planes to get your attention. but did you know globally there are 8,900 orders for new planes? did you know that airline companies are the most solvent they've ever been and desperately need more planes than they're ordering now? do you know there's financing galore to make that happen? that's new too. did you know airplane demand from business and regional jets are increasing by 12% and 22% respectively year-over-year or air travel could go up 4% this year. did you know that? as we learned in the aerospace line of claus kleinfeld's speech, or his conference call last night at alcoa. how do we invest in this theme? the most obvious idea is boeing, which has passed airbus in orders and is the premiere manufacturer in this country if not the world. i'm afraid he has footage of a troubled dream liner. we saw billions in market capitalization taken away these last couple of days because of a couple of defects in a small number of planes. and this is a big but, t
, apparently to underscore efforts by china's new leaders to crack down on abuses. >>> the new boeing dreamliner is proving something of a nightmare for two japanese airlines. a domestic flight has been due to a brake problem. it's the third technical dplich within 48 hours. it was scheduled to leave a western japan airport, but engineers found a problem within the brake computer system for the wheels under the left wing. two other problems struck dreamliners in -- a battery pack at boston's logan international airport sparked an electrical fire on board. another japan air limes plane at the same airport leaked about 150 liters of fuel onto the runway. >>> a row is browing in venezuela after government officials decided to postpone the inauguration of ailing president hugo chavez. the president had surgery last month for recurrence of cancer. officials say a respiratory infection will keep him hospitalized for some time. vice president maduro says chavez can be sworn in by a later date by the supreme court. january 10th is the deadline. chavez has appeals to venezuelan to back maduro
on the market today is blowing. shares are selling off by about 2.5%. lots of issues for boeing this week. today we heard of cracked glass as well as another oil leak. they are looking into the issue. they will launch an investigation. you know, they would fly on the plane and you would think they would fly higher on that. back to you. dagen: thank you. it was secretary of transportation. he said he would have no reservations boarding a plane and taking a flight right now. it does speak to these officials trying to reiterate the safety of these planes. connell: another thing we are keeping a very close eye on is the videogame industry. dagen: monica crowley is a syndicated radio host, fox news contributor, what you have to say? there is room for compromise between republicans and democrats. >> the new town massacre was so particularly horrific. i think when they are talking about a national database, i think you will get a lot of pushback from conservatives on that issue. if you want to go purchase a gun, your name will be entered into a national database. we will have to see what comes out of t
of opening re in aurora, colorado last july killing 12 people and injuring others. more problems for boeing dreamliner. a japanese airline while an engine oil leak was found on another jet. they will reportedly hold a press conference today to address electrical issues with the new 2011 plane. >>> president obama nominating jack lew to be the next secretary of the treasury. the president said it almost didn't happen when he saw what would be the new signature on the dollar of the wallet. i considered rescinding my offer to appoint him. jack assures me he is going to work to make at least one letter legible in order not to de face our currency. >> if that silly loopy signature looks familiar it looks like the top of a hostess cupcake. too bad you can't still buy them. >> curbing gun violence. >> their talks had more to do with attacking the amendment than the violence. we have more on this. hi there, peter. >> hi heather. the national rifle association was not happy after the meeting with the gun task force yesterday. the statement made it clear they do not intend to take the task force's re
problems for boeing's new high tech plane. the 767 dream liner. a dream liner had to be brought back to the gate at boston logan airport today. the jet started leaking fuel on the runway. the incident comes a day after an electrical fire broke out on another dream liner at the same airport. boeing says it's cop rating with the ntsb in the fire investigation. >> barry diller back to dreaming -- streaming service. ario planning to expand as legal battles drag on. right now it's only available in new york city. also announce it's raised $38 million in funding. broadcasters have appealed and new york judge's ruling that ario does not appear to violate copy write rite law. turning now to trading stocks retreating for a second day. investors await aid draw at corporate earnings season. shares pushing your bloomberg silicon valley index slightly lower. and here is a sign the economy may be improving from the global business travel association. usa today reports companies are expected to shell out more on business trips this year. apparently there is pent up demand to sit face-to-face with c
management and reorganization. where's oracle when you need it? can you believe boeing's done nothing? next to nothing. plus 2.7% is next to nothing. despite its new product cycle, the dreamliner series, a tripling of that gain could be reasonable this year. i expect a terrific quarter, the first of many, though my trust likes united tech as a better play in the new worldwide aerospace cycles. i see boeing going to the mid 80s. chevron getting the edge for certain courtesy of its stronger production growth. my charitable keeps buying that one. can alcoa repeat that miserable performance? alcoa will be helped only by the hideous expectations it has set for itself. a very low bar made of aluminum keeps it from advancing to the low teens. you want the best dog in the kennel? caterpillar. cat is the best dog. everyone seems to recognize it is undervalued after yesterday's sterling performance. this plus it is one of the great china plays, but it lost 1.1% last year after having to revise its bullish forecast downward. my charitable trust is betting it could go up at least 10%. the last time cat
&p 500 to the negative as well down almost six points, and nasdaq to the negative as well. boeing one of the pores performers of the dow today. the stock now down more than 2% as you can see on the strene. the story here, a boeing 787 dream liner catching fire this morning. no passengers on board, but the incident raises concern about dreamliner safety. considering there's been problems in the past with the electrical system on the aircraft. energy stocks notably weak, especially the big exploration and production companies even as oil prices are steady today. all three names in the red by a percentage drop, anyway, baker hughes, the worst performer now in the markets. now, money continues to flow out of utilities, and it's been that way, really, since the election back in november. look at these names here, the stock at 29.90. more than a 1% drop, and nrg and in the negative now as well as stocks on the radar in the final hour of trading. let's get to our floor show. we got traders standing by for you at the new york stock exchange, the cme group, and ben willis near the floor of the
market has been going up. i don't think it is measure everything boeing into the stock market. mutual fund numbers can be somewhat deceptive sometimes. i think the market needs to show positive performance before the fun numbers start to look better but i don't think it necessarily needs it. certainly didn't in 2012. sandra: john, i want to ask you about the commodities you just mentioned. looking at gold prices. we've seen some interesting movement there. they have been underperforming stocks to start off the year. i spoke to george girl row the over at rbc today. he says he believes we'll turn back to the basics. the commodity market will focus on the weak dollar which tends to boost commodities. it will focus on the low interest rate environment and we'll see a pop in these commodities again. is that your play? >> gold is special. i think, don't think of gold as a commodity. think of it as a currency. i think that is what the world's fourth or fifth currency, it will gain more popularity. everyone wants to deflate their currency. other commodities we need a stronger economy. could
from boeing's mishap yesterday to deutsche bank upgrading southwest airlines and jetblue. that's a hot debate on twitter. what is the best airline stock to own in 2013. get in on the conversation. don't be shy. tweet us at christina fast money. we'll discuss your tweets tonight at 5:00 p.m. eastern. scott. >> seema, we'll look forward to that. the eurozone hitting a milestone, not exactly the kind it wants with new data showing highest unemployment rate on record in november. are more head winds ahead in europe. bring in eddie bush. good to see you again. >> thanks very much. >> just as we were feeling better about what was going on in europe, now what do we think? >> this gets us back to the tale of where does growth come from, not only the eurozone but united states. in the eurozone when spain is 6.6 unflight, you know you've got a problem, the ecb is going to have to do a lot mayor on easing, quantitative easing, you name it. they have to step up to the plate and help out the eurozone. >> they probably will. right? that's sort of the idea of the put in the market. they will cut rate
to get the secretary of state to drop it on russia or chinese leaders about boeing or lockheed? how does that happen? >> this is where the washington turf battles come in. actually, ostensibly, this is the job of the commerce department. there has been a program created right after the cold war called commercial advocacy. where major corporations, big companies can like boeing and lockheed, because they were the -- you know, the only company in their market, could apply to the commerce department and basically get officials to lobby for them and be their corporate cheerleaders for clearance. and you're talking about for government contracts. so if pudin -- these are government officials in other countries making the decisions to buy billions of dollars of airplanes from boeing. so hillary clinton is the one who gets to meet them and that means something. or the secretary of state does. so what clinton has done is she said, well, we're going to try to take some of this portfolio from the commerce department, because we're bigger -- the commerce department has been without a confirmed lead
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